Oil exports nosedive; imports up

时间：2007-04-26 09:14:18

（单词翻译:单击）

Apr.25 - China witnessed an astonishing 83.2-percent year-on-year slump1 in crude exports in March, according to the General Administration of Customs.

 

Crude oil imports last month, on the other hand, reached 13.9 million tons, up 8.8 percent year-on-year.

 

The trade pattern is set to continue for the rest of the year, said Han Xuegong, a senior consultant2 with China National Petroleum3 Company (CNPC).

 

"Although international crude price fluctuates at a fairly high level, the cost of production within China is also increasing with labor4 cost and raw material expenses on the rise. More importantly, the ever-soaring local demand for fuel requires less exports from the country. That's fundamentally why crude exports are nosediving," Han said.

 

Crude exports last month were only 218,988 tons. February exports were zero while January's stood at 300,000 tons.

 

Echoing Han, Cao Xiaoxi, chief engineer of Sinopec's Economic and Development Research Institute, predicted that crude exports are set to fall this year because of the consistent national trade policies discouraging the exports of crude and oil products.

 

China imposed temporary tariffs6 on 110 export items and cut tariffs on 58 imported goods late last year. Crude was on both lists. Crude exports carry a tariff5 of 5 percent.

 

"It's a long-term, clear policy to rein7 in crude and oil product exports. It's in line with the national interest," Cao said.

 

Niu Li, an economist8 with the State Information Center affiliated9 to China's top economic planner, the National Development and Reform Commission, said while exports will fall, rising local demand won't necessarily trigger more imports.

 

"There's no guarantee that oil imports will rise this year. It depends on international oil prices and the actual local demand," the energy expert said. High global oil prices will increase energy efficiency and promote energy conservation awareness10, Niu said.

 

Oil imports may rise 10 percent this year compared with 14 percent in 2006 as government policies to boost energy conservation brings down fuel consumption.

 
分享到：


点击收听单词发音收听单词发音  

1 slump 4E8zU     
n.暴跌，意气消沉，（土地）下沉；vi.猛然掉落，坍塌，大幅度下跌
参考例句：
  • She is in a slump in her career.她处在事业的低谷。
  • Economists are forecasting a slump.经济学家们预言将发生经济衰退。
2 consultant 2v0zp3     
n.顾问；会诊医师，专科医生
参考例句：
  • He is a consultant on law affairs to the mayor.他是市长的一个法律顾问。
  • Originally,Gar had agreed to come up as a consultant.原来，加尔只答应来充当我们的顾问。
3 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
4 labor P9Tzs     
n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦
参考例句：
  • We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
  • He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。
5 tariff mqwwG     
n.关税，税率；(旅馆、饭店等)价目表，收费表
参考例句：
  • There is a very high tariff on jewelry.宝石类的关税率很高。
  • The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。
6 tariffs a7eb9a3f31e3d6290c240675a80156ec     
关税制度； 关税( tariff的名词复数 )； 关税表； （旅馆或饭店等的）收费表； 量刑标准
参考例句：
  • British industry was sheltered from foreign competition by protective tariffs. 保护性关税使英国工业免受国际竞争影响。
  • The new tariffs have put a stranglehold on trade. 新的关税制对开展贸易极为不利。
7 rein xVsxs     
n.疆绳，统治，支配；vt.以僵绳控制，统治
参考例句：
  • The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。
  • He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。
8 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
9 affiliated 78057fb733c9c93ffbdc5f0ed15ef458     
adj. 附属的, 有关连的
参考例句：
  • The hospital is affiliated with the local university. 这家医院附属于当地大学。
  • All affiliated members can vote. 所有隶属成员都有投票权。
10 awareness 4yWzdW     
n.意识，觉悟，懂事，明智
参考例句：
  • There is a general awareness that smoking is harmful.人们普遍认识到吸烟有害健康。
  • Environmental awareness has increased over the years.这些年来人们的环境意识增强了。

©2005-2010英文阅读网